Sun City Texas Real Estate Report May 2022

By
Real Estate Broker/Owner with Rugg Realty LLC Sun City Texas 512-818-6700 9000211

Sun City Texas Real Estate Report May 2022

Sun City Texas Real Estate Report May 2022

TEXT VERSION

  Sun City Texas Real Estate Report© & Home Sales Summary

May 2022 Results

See online at www.SunCity https://www.ruggrealty.com/sun-city-tx-real-estate-market-reports/

 

May-22

May-21

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$345,900

$237,500

45.6%

High

$805,000

$625,000

28.8%

Average

$513,497

$359,939

42.7%

Median

$505,000

$355,000

42.3%

Units Sold

43

57

-24.6%

Days on Market

7

6

16.7%

       

 

May YTD 22

May YTD 21

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$285,000

$200,000

42.5%

High

$869,990

$850,000

2.4%

Average

$481,005

$361,141

33.2%

Median

$454,400

$341,000

33.3%

Units Sold

221

216

2.3%

Days on Market

10

16

-37.5%

Data gathered from ACTRIS MLS June 1, 2022 

Month of May 2022 – Prices continue to soar, but unit volume is off 25%. Who could have imagined the average price of a home in Sun City would reach $513.5k and the median price would reach $505k, a $150,000 increase in just one year! There are some early indications that the market is beginning to cool off. Days on Market is up 16%, Current active listing are up to 27 with average DOM now at 11 and counting, and we have actually seen some proprieties with price decreases.  It is no surprise things are settling down after the white-hot market of the past year. Looking ahead to June 2022, there are 51 re-sale homes currently contingent or under contract/pending. We will not meet last June’s total of 74.

May YTD – As the month goes, so goes the year to date. Average and Median Sales Price is up 33.2% and 33.3% respectively. Units sold has maintained a positive thin edge over one year ago, but we already know this will changed next month. Days on Market is still 37.5% lower than prior year but up to double digits. The real question becomes, “what will happen to prices as the market transitions to one that is more normal?”  Stay tuned.

The Sun City Texas Real Estate Report is an analysis of sales activity for consumers who have an interest in Sun City Texas home values. Its use is not intended to value a specific property or predict future valuations. If you find this report of value, please Follow Us on Facebook. For more information contact Brian@RuggRealty.com or 512-818-6700.

Posted by

 

Brian Rugg

Rugg Realty, Sun City Texas, Georgetown TX

Serving consumers interested in Sun City Texas New & Resale Homes For Sale and Home Owners Interested in Selling Their Sun City Texas Home.

Sun City Texas Real Estate. Sun City Texas MLS Search. Sun City Texas by Del Webb. Sun City Texas New Homes, Sun City Texas Resale Homes

www.RuggRealty.com

Brian@RuggRealty.com

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